No, it’s not a great time to be selling a luxury mansion, amid a slowing world economy. The global slowdown is resulting from the issues over stock market stability and over-ambitious expectations on pricing. However, those with the availabilty of resources are going to look for an astonishing choice of striking properties—most of them with a huge fall in prices. Let’s look some of these most incredible homes that can be purchased with loads of money.
The ONE, Bel Air, California – $500 Million
About to get completed, The ONE on a Bel-Air hilltop is the world's first giga-mansion. However, what remains unchanged is the eye-watering price tag of a striking $500,000,000, that is, half a billion dollars. That staggering amount is capable of getting you a 100,000-square-feet, 20-bedroom compound perched high above Bel Air on four acres of land, in addition to the impressive 360-degree uninterrupted views. The spectacular house is a brainchild of film maker-turned-real estate developer, Nile Niami, and the LA-based renowned architect, Paul McClean, who have build this ultimate spec-home in seven years.
24 Middle Gap Road, Hong Kong – $447 Million
A year passed without any buyers and zero price drop for this next one. A worn out, decrepit four-room fixer-upper on third of an acre, is 24 Middle Gap Road’s property in Hong Kong. Could the seemingly-astronomical asking cost of $447 million be the reason? Presumably not, as the 5,700-square-foot wreck sits on possible the priciest section of real estate on earth. It is the gated Middle Gap Road community, which is a part of Hong Kong Island's The Peak neighborhood, short for Victoria Peak. Another valid example would be a vacant lot on nearby 75 Peak Road, which was sold for a staggering $657 million quite recently, as indicated by The Real Deal Hong Kong. Despite that, $447 million might be wishful thinking on behalf of the unknown owner.
Pierre Cardin’s Bubble Palace, France – $390 Million
Le Palais Boules, or Bubble Palace was designed by Hungarian architect Antii Lovag in 1975. Depicting a bunch of pink upturn flower pots that fail to notice the shimmery Mediterranean near Cannes, the property took 14 years for completion. A vacation home owned by 97-year-old fashion icon Pierre Cardin, the house was purchased in 1992 and was listed for sale after a five-year restoration,, in 2017. With an interior space of 13,000-square feet inside 26 barnacle-like pots, 10 bedrooms, multiple pools, a 500-seat amphitheater and not a straight line in the spot, this bubbalicious compound came for resale at a jolting 350 million euros, or $389 million today.
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